May 2016: Slowing growth in price of homes for sale in Georgina

It appears as though the market has settled on a “new normal” average price for homes in Georgina, in the $500,000 range, and especially considering homes for sale in Keswick South. During April, the apex of the Spring Market, we witnessed price growth in the 10-20% range across the board in Georgina.

Georgina real estate infographic

Seeing the slowing price growth tells us that this price increase was likely the result of a clear Spring Market manifestation, a shift in the type of home being demanded in the market, with families playing a large role in the buying decision during the school year, aiming for summer closings, pushing first-time homebuyers, downsizers, and empty nesters out for the time being.